House Democrats began the process of impeaching President Donald Trump for a second time, setting up a vote this week unless Vice President Mike Pence and the cabinet seek to remove him from office. Democrats aim to both eject Trump from the White House and prevent him from ever holding office again (though it’s possible he’s already barred from seeking a second term). A four-page Congressional resolution includes a single article accusing the president of the United States of “incitement of insurrection” for his role in the run-up to the assault on the Capitol by his supporters, which resulted in the killing of a police officer. It also cited Trump’s effort to get Georgia’s secretary of state to void President-elect Joe Biden’s victory there. “In all this,” the resolution states, “Trump gravely endangered the security of the United States and its institutions of Government.” —David E. Rovella

Here are today’s top stories

What was once unthinkable is now daily reality in America. Amid an FBI alert of armed protests planned for all 50 states and Washington D.C. to dozens of new domestic terrorism investigations, Biden said he still isn’t worried about holding his inauguration in front of the U.S. Capitol. Biden said the white supremacists and other Trump supporters who attacked Congress last week must face justice: “It’s critically important that there be a real serious focus on holding those folks who engaged in sedition and threatened people’s lives and debased public property, caused great damage, that they be held accountable.”

Emerging-market equities have been on fire, but caution is creeping into other risk assets as rising U.S. Treasury yields keep investors on edge. Stocks fell Monday from their latest record highs while the dollar strengthened. Here is your markets wrap.

Several major U.S. corporations are punishing Republicans in Congress who voted against certifying Biden’s election victory by cutting off their campaign contributions.

Electric vehicle maker Lucid Motors is in talks to go public through a merger with one of former Citigroup rainmaker Michael Klein’s special purpose acquisition companies. The deal could be worth $15 billion.

Lucid Air

The pace of Covid-19 hospitalizations in the Northeast U.S. is showing some preliminary signs of easing, adding to hopeful indicators in the Midwest, where the latest wave began. Efforts in New York to expand access to vaccines quickly ran into a bureaucratic thicket. Some 2,000 Americans died from Covid-19 on Sunday. In Europe, Portugal has reported a record number of daily deaths. South Africa’s patient oxygen demand is surging and Malaysia is implementing targeted lockdowns. Here is the latest on the pandemic.

T-Mobile is borrowing $3 billion as the mobile carrier engages in an expensive battle to buy more 5G airwaves.

What’s Joe Weisenthal thinking about? The Bloomberg news director has some good news. Maybe. We learned on Friday the sobering news that the U.S. lost 140,000 jobs in December as the resurgent virus depressed service-based industries. But while it was the worst month for employment since last spring, the news wasn’t all bad, Joe says. Even with the downturn, the level of permanent unemployment actually fell in December, as other cyclical industries like manufacturing actually added jobs.

What you’ll need to know tomorrow

What you’ll want to read in Bloomberg Travel

Carnival Is Planning Your Cuban Vacation

Carnival is prepared to restart cruises to Cuba when Biden becomes U.S. president, potentially reviving voyages launched under the Obama administration that were later stopped when the Trump administration changed the rules. Provided the incoming administration allows for it, “we’ll be prepared to help people who really want to go to Cuba,” the cruise-line’s CEO said.

The Carnival Paradise arrives in port June 30, 2017, in Havana, Cuba.

Photographer: Alexander Creutzmann/Mambo Photo/Mambo Photo/Getty Images

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